154
154
Dec 13, 2012
12/12
by
CNBC
tv
eye 154
favorite 0
quote 0
those mammoth gains tell me that that has been fiscal cliff related as people go to their tax adviser and realize -- you know what? or get the register ringing. part of the selling in gap is a lot of people taking profits at the same time. something that will end when capital gains rates go up in a couple of weeks. and i was formulating in my own head, that once we get the higher tax rates, you don't want to sell anything, and then you have to pay the taxman more. psychologically, you might be inclined to hold on. back on november 29th, the company came out with monthly same-store sales and considered disappointing. it was looking for a 3.8% rise and there was only an increase of 3%. and negative comments about increased promotional activity at old navy, and these two things got the sell-off ball rolling. to me, the idea of dumping gap because november was a bit worse than expected is insane. first of all, this november was a real a abhor ant month. you had unseasonably warm weather on the west coast, sandy on the east coast, and these numbers are notoriously choppy. don't give you a
those mammoth gains tell me that that has been fiscal cliff related as people go to their tax adviser and realize -- you know what? or get the register ringing. part of the selling in gap is a lot of people taking profits at the same time. something that will end when capital gains rates go up in a couple of weeks. and i was formulating in my own head, that once we get the higher tax rates, you don't want to sell anything, and then you have to pay the taxman more. psychologically, you might be...
108
108
Dec 13, 2012
12/12
by
FBC
tv
eye 108
favorite 0
quote 0
all right, do you think we are headed off the fiscal cliff? let us know. give us an e-mail at gerri@foxbussiness.com. >> coming up on "the willis report", tax dollars have bailed out these workers. we have the shocking findings of a new report coming up next. also, for those fed up with apple's disaster mapping system, google maps is back in business for your iphone. details coming up later. also, they say no news is good news. but this you will definitely want to hear. new evidence of obamacare doing more harm than good to your bottom-line. we will have the latest and we are on the case next in "the willis report." speed. tracy: fannie mae and anyone sparking outrage over six-figure salaries. many executives are raking in serious money. these agencies have accrued $138 billion in taxpayer funding. they still owe us $137 billion of that. for more on this, let's bring in rich edson. a former executive vice president. he is now president and fellow -- excuse me, resident fellow at the american enterprise institute. these salaries are really bothering a lot o
all right, do you think we are headed off the fiscal cliff? let us know. give us an e-mail at gerri@foxbussiness.com. >> coming up on "the willis report", tax dollars have bailed out these workers. we have the shocking findings of a new report coming up next. also, for those fed up with apple's disaster mapping system, google maps is back in business for your iphone. details coming up later. also, they say no news is good news. but this you will definitely want to hear. new...
15
15
tv
eye 15
favorite 0
quote 0
has to give in this fiscal cliff play the states have to contribute something to the to the you know to the party so you think that if if this tax exempt status of interest is curbed to an extent it's not going to impact borrowing costs for cities or states dramatically because the demand is so high for newbies it's going to be impacted but you see assessments they range from like ten basis points to you know one hundred basis points and you know it's a function of where interest rates are at the time and stuff the point is there's massive demand in fact many investors are cut out from being in this market just because you know most of the bonds are flowing up to the top income brackets just the way j.p. i'm for example j.p. morgan massive underwriter a lot of those bonds go into their own clients accounts so you know if you're not a client you're less likely to get the bonds. or the others in the end ratings and ok and just quickly before we go why have there been such demand for muni's lately because people want to shelter their income from dex is. there yamit very avid all right w
has to give in this fiscal cliff play the states have to contribute something to the to the you know to the party so you think that if if this tax exempt status of interest is curbed to an extent it's not going to impact borrowing costs for cities or states dramatically because the demand is so high for newbies it's going to be impacted but you see assessments they range from like ten basis points to you know one hundred basis points and you know it's a function of where interest rates are at...
198
198
Dec 13, 2012
12/12
by
CNBC
tv
eye 198
favorite 0
quote 0
if we go over a fiscal cliff doesn't that push them into action early january to do something? >> you're absolutely right. if we go off the cliff for even a few days the markets will have a fit, and i think that's probably enough to bring them back and figure this out fairly quickly. >> since you said the markets will have a fit, because i feel like the markets will have a fit if we don't have a deal by the end of next year. dan, what's your take on that? will we see a major selloff in stocks if there's no deal at the end of next week? >> i don't know if it's next week necessarily, but i can say more generally -- >> next week or the next week, right? we're 18 days away. >> certainly running out of time. >> right. >> i don't know if the selloff begins next week or the week after that, but i think certainly, you know, one thing that we can say is that tax rates are going up, and with respect to the capital gains tax rate we have two other instances in modern history in which the capital gains tax was increased, and in both snare quotes december in which it owe cured the capital g
if we go over a fiscal cliff doesn't that push them into action early january to do something? >> you're absolutely right. if we go off the cliff for even a few days the markets will have a fit, and i think that's probably enough to bring them back and figure this out fairly quickly. >> since you said the markets will have a fit, because i feel like the markets will have a fit if we don't have a deal by the end of next year. dan, what's your take on that? will we see a major selloff...
107
107
Dec 13, 2012
12/12
by
FBC
tv
eye 107
favorite 0
quote 0
i think we are coming up again at the end of the year, people looking at the fiscal cliff situation and everyday we get something different coming out of washington today, disagreement. tomorrow it could be sounds like talks are progressing. we can see things slip around staying in this broad range across a series of markets and i think he will continue to see that until yo they get some kinf definitive answer and direction out of d.c. we will go from economic standpoint and getting money to work in the most efficient way. liz: good to see you gentlemen, thank you very much. never gets boring around here on fox business lackluster retail sales from the fed announcement yesterday turning on the stick is beginning next month painted the market red leaving me wondering if high investors, the smart money might be changing their investment strategy. we thought we would bring in, millions of dollars, they want to see the money grow. joining us in a fox business exclusive. you seem like a very measured person, that is why you have a lot of wealthy clients because you must do well for them. aft
i think we are coming up again at the end of the year, people looking at the fiscal cliff situation and everyday we get something different coming out of washington today, disagreement. tomorrow it could be sounds like talks are progressing. we can see things slip around staying in this broad range across a series of markets and i think he will continue to see that until yo they get some kinf definitive answer and direction out of d.c. we will go from economic standpoint and getting money to...
183
183
Dec 13, 2012
12/12
by
MSNBCW
tv
eye 183
favorite 0
quote 0
it's an issue in this fiscal cliff fight. particularly if we go over the cliff and it turns into a pr battle. it's a problem longer-term, 2014, 2016. the party has to find a way to remake what people think of it and they're not there yet. >> and when you look, mark, at the optimism, pessimism, you find that people who are evenly divided, 48-48, as to whether there will be an agreement, they really want an agreement, though? >> this is a pessimistic are but a realistic public right now, and it's the public that watched what happened in 2011 during the debt ceiling standoff there. it was really interesting. we actually asked the question in december of 2008 after barack obama won his first presidential contest, and at that time 52% actually said we think the next congress is going to be an era of unity and willingness to compromise in congress. now when we ask that xwe, the newest poll, 69% actually are predicting disunity, division, and so this is a much more realistic public right now that is seeing everything that's going on
it's an issue in this fiscal cliff fight. particularly if we go over the cliff and it turns into a pr battle. it's a problem longer-term, 2014, 2016. the party has to find a way to remake what people think of it and they're not there yet. >> and when you look, mark, at the optimism, pessimism, you find that people who are evenly divided, 48-48, as to whether there will be an agreement, they really want an agreement, though? >> this is a pessimistic are but a realistic public right...
87
87
Dec 13, 2012
12/12
by
CSPAN2
tv
eye 87
favorite 0
quote 0
i worry that during this fiscal cliff we're going to lose those benefits. but i will tell you, i will fight that we don't go over the fiscal cliff. and in the meantime, i say to the men and women at bethlehem steel, thank you for what you did. you built america. you helped save america. you helped save western civilization. we're going to work right now to save your safety net benefits. come to that hall where you can apply for those benefits. they're still there, and we still want to make sure you're eligible. but we want not only a safety net to get you over the hard time, because we believe the best safety net is jobs in american manufacturing. madam president, i'm going to yield the floor, but i will not yield the fight for american jobs. i note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: a senator: madam president? the presiding officer: the senator from new york. mr. schumer: i ask unanimous consent the quorum call be dispensed with. the presiding officer: without objection. under the previous order, the
i worry that during this fiscal cliff we're going to lose those benefits. but i will tell you, i will fight that we don't go over the fiscal cliff. and in the meantime, i say to the men and women at bethlehem steel, thank you for what you did. you built america. you helped save america. you helped save western civilization. we're going to work right now to save your safety net benefits. come to that hall where you can apply for those benefits. they're still there, and we still want to make sure...
116
116
Dec 13, 2012
12/12
by
FBC
tv
eye 116
favorite 0
quote 0
fundamentals are this, the fiscal cliff does not look like it is going to be resolved. if it is resolved, it only takes care of a small part of the deficit. gold is something that you will always own. this one out piece, when you have it in your hand, that is worth $1700. dennis: wow. >> the only thing is, you cannot use it to buy a twinkie. it is not common courtesy. dennis: thank you. cheryl: we have the ceo of one small business looking to hone in on industries come back. dennis: apple maps back on track. first, take a look at apple treasuries. ♪ and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the time... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >> i am tracing parents with your fox business brief. mortgage rates fell again last week. the average rate is now 3.3%. foreclosure filings climbed to the lowest level in six years. according
fundamentals are this, the fiscal cliff does not look like it is going to be resolved. if it is resolved, it only takes care of a small part of the deficit. gold is something that you will always own. this one out piece, when you have it in your hand, that is worth $1700. dennis: wow. >> the only thing is, you cannot use it to buy a twinkie. it is not common courtesy. dennis: thank you. cheryl: we have the ceo of one small business looking to hone in on industries come back. dennis: apple...
141
141
Dec 13, 2012
12/12
by
FBC
tv
eye 141
favorite 0
quote 0
. >> a good example why you don't see a lot of the day-to-day back and forth from fiscal cliff talks reported here on "varney & company" because it really is maddening. it turns people off. we know that. listen to how harry reid responded to, what i'm going to say is a perfectly legitimate request he whether they will bring the president's fiscal cliff proposal to a vote. just listen to this. >> the white house proposal that they floated around on capitol hill will-- >> i, i don't know. i have no idea what you're talking about. >> the white house's plan, the treasury secretary-- >> you know what the plan is it? >> the plan that included ref nigh awn-- >> what kind of revenue. >> the top 2%. >> what else? >> and the debt limit and-- >> what else. >> and there's plenty. 1.6 trillion and the stimulus, 2 it00, 200 billion. >> i think it was-- >> and --. >> well, joining us now is the man who had that exchange with senator reed from the daily caller. nick, what did you and/or our viewers and myself. what are we supposed to get out of that interview with senator ray reid. >> i went in to t
. >> a good example why you don't see a lot of the day-to-day back and forth from fiscal cliff talks reported here on "varney & company" because it really is maddening. it turns people off. we know that. listen to how harry reid responded to, what i'm going to say is a perfectly legitimate request he whether they will bring the president's fiscal cliff proposal to a vote. just listen to this. >> the white house proposal that they floated around on capitol hill will--...
157
157
Dec 13, 2012
12/12
by
MSNBCW
tv
eye 157
favorite 0
quote 0
interestingly folks that are paying more attention to the fiscal cliff story are more pessimistic. it's the folks paying less attention that are more optimistic. judging by what we're hearing from negotiators, the public clearly knows something is up in the bad way. >> i remain the most optimistic person in this town but we've got some serious differences. the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff and the more person jobs are placed in jeopardy. >> the white house in turn insists its republicans are being inflexible. >> i don't believe that we've heard anything from the leadership that suggests they have moved off their position. they have refused to accept the fundamental fact that hiring -- the top 2% of earners in america are not going to have their tax cuts extended. >> the two sides have been swapping proposals this week but insiders say they didn't view the last white house plan as a serious counteroffer so they resent their original proposal to the president. the problem isn't just there's a big gulf between the tw
interestingly folks that are paying more attention to the fiscal cliff story are more pessimistic. it's the folks paying less attention that are more optimistic. judging by what we're hearing from negotiators, the public clearly knows something is up in the bad way. >> i remain the most optimistic person in this town but we've got some serious differences. the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff and the more person jobs are...
180
180
Dec 13, 2012
12/12
by
CNNW
tv
eye 180
favorite 0
quote 0
it's unclear the fate of the benefits in the fiscal cliff fight, something that terrifies people like alisia worthen. you've been looking for a job for more than six months. are you more optimistic or less optimistic? >> i believe it's going to turn around. it will probably take a little time but i believe it will. >> you need the government to help now until that happens? >> yes, i definitely do. i have a household to run, still have rent and bills to pay and i need help. i need help. >> millions of people like alecia. she still needs an unemployment check, unclear of the fate of jobless benefits and extension of those in the faiscal cliff fight. conservatives say it's time to end it. >> she has a degree in a field that you would think she would be able to get a job in. accounting. >> she worked for a government agency, she was a child support enforcement office, she worked in child support and all these government jobs keep getting -- so it's budget cuts on one end and budget cuts at the other end. >> thank you. >>> still ahead, is weight an issue when it comes to the white house? h
it's unclear the fate of the benefits in the fiscal cliff fight, something that terrifies people like alisia worthen. you've been looking for a job for more than six months. are you more optimistic or less optimistic? >> i believe it's going to turn around. it will probably take a little time but i believe it will. >> you need the government to help now until that happens? >> yes, i definitely do. i have a household to run, still have rent and bills to pay and i need help. i...
185
185
Dec 13, 2012
12/12
by
CNBC
tv
eye 185
favorite 0
quote 0
we've asked in the survey how serious a problem is the fiscal cliff? and you get 68% of the people saying it's a very serious problem, which tells you something when you're talking about something abstract like tax and budget politics which people don't ordinarily pay attention to. they've gotten it. but what we're seeing in this poll, joe, is the after glow of the election. typically when presidents get re-elected, the partisan fighting stops. their numbers rise. the president's approval rating 53%. when you ask, who do you trust to handle the fiscal cliff, it shows how the president has the upper hand. 38% say they trust president obama. that's twice as many as trust speaker boehner, although the 38%, of course, is under 50%. >> 38%. oh, man. but when you look at the potential solutions, does obama have a mandate? we asked that question. you see very big numbers, 68% says he has a mandate to cut taxes for people who earn less than 250k. 65% say he has a mandate to raise taxes on the wealthy while cutting spending. both elements are important. and whe
we've asked in the survey how serious a problem is the fiscal cliff? and you get 68% of the people saying it's a very serious problem, which tells you something when you're talking about something abstract like tax and budget politics which people don't ordinarily pay attention to. they've gotten it. but what we're seeing in this poll, joe, is the after glow of the election. typically when presidents get re-elected, the partisan fighting stops. their numbers rise. the president's approval...
187
187
Dec 13, 2012
12/12
by
CURRENT
tv
eye 187
favorite 0
quote 0
congress scurrying around still trying to get something going on the fiscal cliff. and the latest poll shows that 2/3 of americans including a majority of democrats republicans and independents all say that congressional leaders meaning republicans should compromise so we can avoid going over the fiscal cliff. that means republicans must give up their insistence that the bush tax cuts continue for the wealthiest of americans because it ain't gonna happen. the president's not going to sign the bill and the american people don't want to give them a continued tax break. they think they ought to pay more. so let's just get it done and then go home and celebrate the holidays. hey, good to have you with us. we'll talk about all of that and get all of latest including what's happening out in the state of michigan. but first, we take time out for today's current news update. lisa ferguson's got it out in los angeles. hi, lisa. good morning. >> hey bill. good morning everyone. americans are calling for a major overhaul of the republican party. especially when it comes to the
congress scurrying around still trying to get something going on the fiscal cliff. and the latest poll shows that 2/3 of americans including a majority of democrats republicans and independents all say that congressional leaders meaning republicans should compromise so we can avoid going over the fiscal cliff. that means republicans must give up their insistence that the bush tax cuts continue for the wealthiest of americans because it ain't gonna happen. the president's not going to sign the...
243
243
Dec 13, 2012
12/12
by
MSNBCW
tv
eye 243
favorite 0
quote 0
it would be something like that. but remember, these guys hate the fiscal cliff. you know, it has caused this enormous problem. so the idea of setting up another fiscal cliff six months from now is pretty unappealing. but they'll have to go there. they just haven't quite figured out how to go there yet. >> harold, jump in. to an extent you'd feel the republicans are cornered on their position a bit, especially with this 2% in terms of raising tax rates? how do they get around this and argue back? i don't see it. >> well, i think early on, if you think about a year ago, a little over a year ago, the republicans had a better deal than what's put on the table now. they had a 3 1/2 ratio of spending cuts to tax increases. you're looking at best a 2-1, pure politics. so they've lost that part of the argument. you flip it over and i think these numbers that we're seeing this morning that we've all commented on -- and i happen to agree with steve and david's analysis that at the end of the day, we'll just extend the cuts for middle-class earners and raise it on the top e
it would be something like that. but remember, these guys hate the fiscal cliff. you know, it has caused this enormous problem. so the idea of setting up another fiscal cliff six months from now is pretty unappealing. but they'll have to go there. they just haven't quite figured out how to go there yet. >> harold, jump in. to an extent you'd feel the republicans are cornered on their position a bit, especially with this 2% in terms of raising tax rates? how do they get around this and...
242
242
Dec 13, 2012
12/12
by
FOXNEWSW
tv
eye 242
favorite 0
quote 0
he said look at michigan, there is something to be learned there. >> steve: when it comes to the fiscal cliff . for example real effective no holds leadership in tough times mr. obama and republican congressional leaders would be wise to look to michigan. the dinosaur underwent an amazing transformation on thanks to governor snider and republicans who were willing to make transformation and fight political battles not only because of the career. he said michigan will be attracting a lot more business. >> brian: it was already on the come back trail . they looked in michigan at wisconsin and dine doin. the republican governors took a hit. but when the economy turns around in their state, their approval rating goes up and that's what jeb bush is saying real leadership. >> gretchen: a lot of protestors in michigan and in wisconsin as well . people for the most part don't like change. we feel comfortable in our lives and if you are in a union and doing well and look forward to your pension, why would you want that to change, you don't. that's why people come out and protest. the problem i h
he said look at michigan, there is something to be learned there. >> steve: when it comes to the fiscal cliff . for example real effective no holds leadership in tough times mr. obama and republican congressional leaders would be wise to look to michigan. the dinosaur underwent an amazing transformation on thanks to governor snider and republicans who were willing to make transformation and fight political battles not only because of the career. he said michigan will be attracting a lot...
78
78
Dec 13, 2012
12/12
by
CSPAN
tv
eye 78
favorite 0
quote 0
cliff negotiations, with particular attention to social security. we spoke to an associated press reporter. host: our series on the fiscal cliff continues this morning with a dive into social security. here to talk about the program and how it is involved in the discussions, the negotiations over america's financial future, is stephen ohlemacher, joining us from the associated press, where he is a reporter. how much social security do people get? guest: a little more than 66 million people. the average benefit is a little over $12,000 -- a little over $1,200 a month. maybe $13,000 a year or so. host: we are talking about retirees and the disabled. guest: a fairly wide group of people receive social security benefits. retired workers, spouses, children, disabled workers, widows, widowers. a big safety net of people. host: retirees receive about $1,200 a month on average. the benefits for the disabled, $1,100 a month on average. how does social security get financed? guest: it has been a self-funded program since its inception. it is funded by payroll
cliff negotiations, with particular attention to social security. we spoke to an associated press reporter. host: our series on the fiscal cliff continues this morning with a dive into social security. here to talk about the program and how it is involved in the discussions, the negotiations over america's financial future, is stephen ohlemacher, joining us from the associated press, where he is a reporter. how much social security do people get? guest: a little more than 66 million people. the...
160
160
Dec 13, 2012
12/12
by
CSPAN
tv
eye 160
favorite 0
quote 0
is this something that can work out. like they did it wall street before the fiscal cliff hits? if we could rebuild when we're in such bad shape. host: thank you, judy. guest: repaying the money that was barred from social security. -- borrowed from social sec urity. that money will be repaid unless congress does something different. think about the $2.7 trillion as spending authority for the social security administration. they can pay full benefits under the law. that money will be paid back over time unless congress changes something. putting more revenue money into social security, right now the appetite in congress is to cut spending. that might be a difficult sell. one reason the program is popular is it is self funded through payroll taxes. there's been a temporary cut in payroll taxes over the past two years. to change the funding of the nature could be done. advocates worry about the consequences of that and making it compete with other dollars with other government programs. congress doesn't touch it and still stays there. if it is competing for scarce dollars, it is m
is this something that can work out. like they did it wall street before the fiscal cliff hits? if we could rebuild when we're in such bad shape. host: thank you, judy. guest: repaying the money that was barred from social security. -- borrowed from social sec urity. that money will be repaid unless congress does something different. think about the $2.7 trillion as spending authority for the social security administration. they can pay full benefits under the law. that money will be paid back...
116
116
Dec 12, 2012
12/12
by
CSPAN2
tv
eye 116
favorite 0
quote 0
together to avoid the so-called fiscal cliff, the disastrous i ask unanimous consent sequences of our not acting, tax increases for every american taxpayer, massive cuts to defense at a time when the threats around the world are as varied and as great as we've seen in a long time. other essential programs of the federal government being affected by that. that's the last thing we need in this tepid economy with a lot of people out of work and hoping for some consensus to come together to provide a -- a long-term solution to our fiscal problem that continues to have a negative effect on our economy and more importantly, keeps people out of work. and so as that clock ticks, some are saying, well, partisanship is just too great in washington. the country's too divided. we're not going to be able to reach a consensus here in terms of how to address this problem. i disagree with that. over the last two years, and more, we have had a number of proposals brought forward on a bipartisan basis. it started with simpson-bowles, the former chief of staff to president clinton and al for a lon time,
together to avoid the so-called fiscal cliff, the disastrous i ask unanimous consent sequences of our not acting, tax increases for every american taxpayer, massive cuts to defense at a time when the threats around the world are as varied and as great as we've seen in a long time. other essential programs of the federal government being affected by that. that's the last thing we need in this tepid economy with a lot of people out of work and hoping for some consensus to come together to provide...
187
187
Dec 12, 2012
12/12
by
CURRENT
tv
eye 187
favorite 0
quote 1
taxes, fiscal cliff. why do you have to bring in social security and medicare and fix something that's not broke? >> stephanie: social security's case, we keep saying doesn't add a penny to the deficit. >> it is absurd. if you're going to curtail something or act like something is horribly busted, then i would say the military expenditures that go into effect because of the sequestration actually are something that's a crucial. they're going to drop off immediately and the spending on them is overtly far beyond its necessity. >> stephanie: it is more than the military asks for. congress is trying to give them more. >> to do what with? it is not like they're not ahead technologically from -- on every front. >> but we need to be able to blow up the world 150 times not 147. >> stephanie: otherwise we're french and gay. ron in illinois, you're on "the stephanie miller show." hi ron. >> caller: good morning, steph. >> stephanie: good morning. >> caller: i don't understand why john boehner think -- unless he's
taxes, fiscal cliff. why do you have to bring in social security and medicare and fix something that's not broke? >> stephanie: social security's case, we keep saying doesn't add a penny to the deficit. >> it is absurd. if you're going to curtail something or act like something is horribly busted, then i would say the military expenditures that go into effect because of the sequestration actually are something that's a crucial. they're going to drop off immediately and the spending...
121
121
Dec 12, 2012
12/12
by
CSPAN2
tv
eye 121
favorite 0
quote 0
those are the tax increases that are coming regardless of what happens with the fiscal cliff. and those are the tax hikes that we're seeing because of president obama's health care law. people who have been following this closely know that president obama's health care law guarantees that middle-class families will pay higher taxes. the president promised repea repeatedly that he would not raise taxes on the middle class. as a matter of fact he said -- quote -- "if you're a family making less than $200,00200,000a year, my plan won't raise your taxes one opiniony. not your income taxes, not your payroll taxes, not your capital gains taxes, not any of your taxes." that's what the president said. but once he got into office, president obama arranged for his health care plan to be written behind closed doors. democrats in congress passed it, and they did it strictly along party lines. this law has included more than 20 different tax increases. these tax increases amount to more than a trillion dollars over the next ten years. of those, a dozen taxes specifically targeted middle-cl
those are the tax increases that are coming regardless of what happens with the fiscal cliff. and those are the tax hikes that we're seeing because of president obama's health care law. people who have been following this closely know that president obama's health care law guarantees that middle-class families will pay higher taxes. the president promised repea repeatedly that he would not raise taxes on the middle class. as a matter of fact he said -- quote -- "if you're a family making...
387
387
Dec 12, 2012
12/12
by
KPIX
tv
eye 387
favorite 0
quote 0
what is it going to take you know, here on capitol hill to actually get something done to avoid the fiscal cliff. >> and what's going on in those negotiations that we don't know. >> exactly. so we going to talk to the man who may know right? >> the man who's wired in washington. >> exactly. bob woodward knows the white house and he's covering washington for years. he'll be on later this morning. >> announcer: this portion of "cbs this morning" sponsored by international delight coffee creamers. what's your i.d.? who thinks two is better than one? so all of you do. yes, for sure. now what's better? being able to shoot two lasers out of both of your eyes at the same time or just one laser out of one eye? [ all kids ] two! [ moderator ] okay, why? if it's just one beam -- okay, it does a little bit of damage. two beams -- it will make something explode! and that's more fun? yeah! and it's more powerful you're saying? yeah! [ male announcer ] it's not complicated. doing two things at once is better. and only at&t's network lets you talk and surf on your iphone 5. ♪ ♪ online outfit piccolo
what is it going to take you know, here on capitol hill to actually get something done to avoid the fiscal cliff. >> and what's going on in those negotiations that we don't know. >> exactly. so we going to talk to the man who may know right? >> the man who's wired in washington. >> exactly. bob woodward knows the white house and he's covering washington for years. he'll be on later this morning. >> announcer: this portion of "cbs this morning" sponsored...
141
141
Dec 12, 2012
12/12
by
CSPAN
tv
eye 141
favorite 0
quote 0
we're in this fiscal cliff talks and the president and the speaker are trying to work out a solution. and they're talking about tax raters in top 2%. mr. cohen: taxing their wealth. that's something they should do because it's fair and it gives the over 98% tax relief. but at the same time they're talking about increasing the medicare age from 65 to 67. and that's taxing the wealth of the less fortunate people who are 65 to 67. for them and for everybody, your health is your wealth. jimmy copeland a friend and semiphilosopher said that, your health is your wealth. if you raise the medicare age from 65 to 67, you're going to sacrifice the health of people who are not the most fortunate system of while we tax the income of the most wealthy, we'll be taxes what wealth theless wealthy have, their health. that's wrong. mr. president and mr. speaker should not increase that age and tax the poor. thank you, mr. speaker. the speaker pro tempore: for what purpose does the -- does the gentlelady from texas seek recognition? ms. jackson lee: i ask unanimous consent to address the house for one m
we're in this fiscal cliff talks and the president and the speaker are trying to work out a solution. and they're talking about tax raters in top 2%. mr. cohen: taxing their wealth. that's something they should do because it's fair and it gives the over 98% tax relief. but at the same time they're talking about increasing the medicare age from 65 to 67. and that's taxing the wealth of the less fortunate people who are 65 to 67. for them and for everybody, your health is your wealth. jimmy...
215
215
Dec 12, 2012
12/12
by
CNBC
tv
eye 215
favorite 0
quote 1
. >> the longer the white house slow walks this discussion, this economy gets to the fiscal cliff and the more american jobs are placed in recession. >> if something goes wrong, the fed has no arrows left in its quiver. >> we're checking our lists as the "squawk on the street" countdown to christmas continues. ho, ho, ho. ♪ >> andrew ross sorkin is bringing lloyd blankfein on stage. let's take a look. here's goldman sachs ceo lloyd blankfein. >> a number of people have touched on the fiscal cliff, and i wanted to start with that, but in a different way with you this morning, in that you have been active in washington over the past couple of weeks and all this. you've been on the phone with the white house. i've read reports that you were on the phone with the white house earlier this week. just if you could, take us behind the scenes. what goes on on these conference calls with the business community? sort of what do you see actually happening right now? >> i don't want to oversell this. i was on a couple of conference calls that the white house had with myself and other people who
. >> the longer the white house slow walks this discussion, this economy gets to the fiscal cliff and the more american jobs are placed in recession. >> if something goes wrong, the fed has no arrows left in its quiver. >> we're checking our lists as the "squawk on the street" countdown to christmas continues. ho, ho, ho. ♪ >> andrew ross sorkin is bringing lloyd blankfein on stage. let's take a look. here's goldman sachs ceo lloyd blankfein. >> a...
249
249
Dec 12, 2012
12/12
by
CNBC
tv
eye 249
favorite 0
quote 0
>> the fiscal cliff is something he will talk about, say they have to solve this. he's talked before about the upside and said twice already the federal reserve cannot off-set the effects of the fiscal cliff. the fed could -- one idea -- the fed could keep a little bit of powder dry if we do go off the cliff, the fed has something it could do. >> mike duke last night the ceo of walmart spoke and he sa said -- they poll their shoppers all the time. a week before the election, 25% of walmart customers knew about the fiscal cliff. one week after the election, 75% of their shoppers know about the fiscal cliff and 15% say it means they will spend less on christmas. it's pre-telling, right? >> apparently the walmart shopper is more informed than the average american. we showed 70%. that's out there. it's something that affects people. it was clear in the data there was an effect of the fiscal cliff on overall economic attitudes. the more important thing we found is that it affects businesses and businesses slow down in capital spending. you're an economic student and you
>> the fiscal cliff is something he will talk about, say they have to solve this. he's talked before about the upside and said twice already the federal reserve cannot off-set the effects of the fiscal cliff. the fed could -- one idea -- the fed could keep a little bit of powder dry if we do go off the cliff, the fed has something it could do. >> mike duke last night the ceo of walmart spoke and he sa said -- they poll their shoppers all the time. a week before the election, 25% of...
216
216
Dec 12, 2012
12/12
by
MSNBCW
tv
eye 216
favorite 0
quote 0
immigration and tax reform post the fiscal cliff will create a legacy and may see congress doing something. >> that is why it is so important that they figure out a way to come together before the end of the year hopefully. if the environment is poisoned like it was after the stimulus, after the health care debate, the next four years will be ugh low. >> that's true. the higher number of women increases the chances. we will see. >> i saw the women here smiling. we were talking about how collaborative they were. the guys, not so much. >> we don't smile. i agree. the more women the better. i'm agreeing with you. can i say nothing? i said the more women, the better. i'm agreeing with you. the more women, the less self destructive egos and getting to a deal. do you have a problem with that. >> no,i don't. >> go with it. i give up. >> all right. still ahead, hollywood mogul joins us on set and author sebastian younger will be here. more morning joe in a moment. ♪ for over 40 years, we've brought our passion for fine coffee and espresso to people everywhere. but one place was impossible, until
immigration and tax reform post the fiscal cliff will create a legacy and may see congress doing something. >> that is why it is so important that they figure out a way to come together before the end of the year hopefully. if the environment is poisoned like it was after the stimulus, after the health care debate, the next four years will be ugh low. >> that's true. the higher number of women increases the chances. we will see. >> i saw the women here smiling. we were talking...
94
94
Dec 12, 2012
12/12
by
KQED
tv
eye 94
favorite 0
quote 0
the stock market took its cues once again from washington and the rhetoric over the fiscal cliff. it was the fifth straight session of gains, with the buyers out at the opening bell. the index lost some momentum around 2:30 eastern time, something traders blame on comments from senate majority leader harry reid. reid said it would be extremely difficult to get legislation averting the fiscal cliff through the senate before christmas. with today's seven-tenths of a percent gain, it brings the index back to a level last seen on election day. for the year, its up 13.5%. trading volume increased to 691 million shares; just over 1.9 billion shares on the nasdaq. the technology sector was back in the leader position, up 1.4%. health care and telecommunications were up 1%. with the tech sector up, apple was helping out as it rebounded a little from its recent sell- off, but on lighter volume. shares rose 2.1%. piper jaffray's apple analyst predicts a more steady stock rally next year, and he's sticking with his $900 price target. it was a pair of business software firms that had the best
the stock market took its cues once again from washington and the rhetoric over the fiscal cliff. it was the fifth straight session of gains, with the buyers out at the opening bell. the index lost some momentum around 2:30 eastern time, something traders blame on comments from senate majority leader harry reid. reid said it would be extremely difficult to get legislation averting the fiscal cliff through the senate before christmas. with today's seven-tenths of a percent gain, it brings the...
86
86
Dec 12, 2012
12/12
by
KQEH
tv
eye 86
favorite 0
quote 0
don't go over a fiscal cliff." or, you know, "pay our bills," or, "do something about the budget." now, i think even though the people tend to not be open to a lot of different views, they want the people they elect to make government work. >> so, we have created a political system that rewards intransigence. >> we've created a system that says, "we reward incivility. we reward refusal to compromise. we punish people who compromise and are civil and get along well with the people on the other side of the aisle." so, why are we surprised that that's what we get in everything in life? you get what you reward. and you don't get what you punish. and that's what we've done to our political system. >> what's in store for the fate of a democracy that cannot be flexible enough to compromise between its strongly-held prejudices? >> you know, if you have hardening of the arteries, it'll kill you as a person and it'll kill you as a country. what you have to do is to be able to maintain the health of the democracy by saying, "it depends on people of different perspectives to come together, hav
don't go over a fiscal cliff." or, you know, "pay our bills," or, "do something about the budget." now, i think even though the people tend to not be open to a lot of different views, they want the people they elect to make government work. >> so, we have created a political system that rewards intransigence. >> we've created a system that says, "we reward incivility. we reward refusal to compromise. we punish people who compromise and are civil and get...
95
95
Dec 12, 2012
12/12
by
FOXNEWSW
tv
eye 95
favorite 0
quote 0
. >> some say it's not the end of the world if we go over the fiscal cliff but some say it could thrust us back into recession. what do you think will happen? >> i don't think there's a cliff in the sense that all of a sudden tomorrow something dramatic happens. i think stock markets sometimes react quickly, but for the most part, whether it's going to be a recession or not is a much more long, drawn-out process. but i would say that it's not a good idea to raise anyone taxes and that the marketplace does not differentiate whether you take the money from rich people, poor people or middle class. the marketplace says if you are going to take $800 billion, are you taking it out of the private sector, the productive sector, and are you going to give it to the nonproductive sector in washington? basically the sector of people who are always messing up things in the marketplace? are you going to do that? if you are going to do that, it's a bad idea no matter whether it's rich people, middle class or poor. doesn't matter. if you take private sector, it's a bad idea. >> well, it's not as thoug
. >> some say it's not the end of the world if we go over the fiscal cliff but some say it could thrust us back into recession. what do you think will happen? >> i don't think there's a cliff in the sense that all of a sudden tomorrow something dramatic happens. i think stock markets sometimes react quickly, but for the most part, whether it's going to be a recession or not is a much more long, drawn-out process. but i would say that it's not a good idea to raise anyone taxes and...
120
120
Dec 12, 2012
12/12
by
CURRENT
tv
eye 120
favorite 0
quote 0
when it comes to the fiscal cliff, you have to go back to that quickly. are you going to be there on december 31st at 11:59 voting on a deal or will there be something beforehand? >> all of the commentators seem to think there is going to be a deal. i don't know. the republicans seem to be caving in or beginning to set the door to cave in on agreeing to some tax rate increases. but a deal that says what some people are talking about will increase the tax rates to not as much as they were under clinton. and return will put a limit on cost of living increases for social security, will increase the eligibility age for medicare. as the republicans are demanding is not an acceptable compromise as far as i'm concerned. you have a lot of democrats voting against any such agreement. >> eliot: you are raising the critical issue that has not gotten any substantial and necessary attention as it should which is what will the cost-cutting be. where will it come from? how will entitlements be affected if at all and why? we have to have that conversation. >> the most ob
when it comes to the fiscal cliff, you have to go back to that quickly. are you going to be there on december 31st at 11:59 voting on a deal or will there be something beforehand? >> all of the commentators seem to think there is going to be a deal. i don't know. the republicans seem to be caving in or beginning to set the door to cave in on agreeing to some tax rate increases. but a deal that says what some people are talking about will increase the tax rates to not as much as they were...
240
240
Dec 11, 2012
12/12
by
CNBC
tv
eye 240
favorite 0
quote 0
for food, for family, and now, something extra -- for you. >>> everybody is waiting for the fiscal cliff. i went down to the capitol this morning to see how things are progressing. i got more negative when harry reid said it is unlikely that a deal will be done by christmas. i'm thrilled to have senator john hovan, a republican from north dakota who has been an advocate here with us tonight. welcome back to "mad money." >> jim, good to be with you. >> i noticed that you are for a bipartisan situation and one of the things that tells me that you are for real is that you have not signed a pledge that would make it so that you cannot vote for a tax increase. it should be a big deal on the order of four trillion dollar over ten years. get growth in our economy and the kind of deal that inincludes tax reform and better spending control. >> when you were governor of your state you previded over what i think is the single greatest employment boom. is washington so different that you wish you were back home? >> you have been out to north dakota, but you are right. the fundamentals don't change.
for food, for family, and now, something extra -- for you. >>> everybody is waiting for the fiscal cliff. i went down to the capitol this morning to see how things are progressing. i got more negative when harry reid said it is unlikely that a deal will be done by christmas. i'm thrilled to have senator john hovan, a republican from north dakota who has been an advocate here with us tonight. welcome back to "mad money." >> jim, good to be with you. >> i noticed...
66
66
Dec 11, 2012
12/12
by
CNBC
tv
eye 66
favorite 0
quote 0
>> look, the fiscal cliff, if we go over, is going to affect municipals in a significant way. they're going to face that loss of funding and spending cuts, so -- i think that's going to be an issue regardless. i don't see, right now, that people are investing in municipals because of fiscal cliff issues. they are investing with the idea that taxes are going up, though it's likely that there will be some modification of the tax exemption. >> alexandra, going to leave it there. thank you for coming by. >>> coming up next, how america's role in the global energy market could be in for a big makeover. we make sure you're ready for us. >>> plus, what you need to know and breaking down what's at stake. stick around. [ male announcer ] feeling like a shadow of your former self? c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older
>> look, the fiscal cliff, if we go over, is going to affect municipals in a significant way. they're going to face that loss of funding and spending cuts, so -- i think that's going to be an issue regardless. i don't see, right now, that people are investing in municipals because of fiscal cliff issues. they are investing with the idea that taxes are going up, though it's likely that there will be some modification of the tax exemption. >> alexandra, going to leave it there. thank...
74
74
Dec 11, 2012
12/12
by
CSPAN
tv
eye 74
favorite 0
quote 0
you got every day we're a little closer to the fiscal cliff. every day republicans are here, speaker boehner is here, leader mcconnel is here, lead ready to negotiate, ready to deal, ready to do something that will avoid what everybody agrees would be a disaster and yet the president seems to be content with just traveling around the country doing a victory lap or something at the very time he ought to be here in washington, d.c. sitting down across tremendous table -- across the table from the people who can help us avoid what would be a very, very bad situation for our country economically. it's about jobs and the economy, mr. president. you said it, ewe agree with that, now let's get to work and try to fix it. >> for people who spent a lifetime spilleding a small business in a community, and small communities around the country have a dry cleaner a florist, a car wash, those small businesses will be impacted by the change in the death tax that occurs on january 1. many will not be able to continue to hold that business in the family if they
you got every day we're a little closer to the fiscal cliff. every day republicans are here, speaker boehner is here, leader mcconnel is here, lead ready to negotiate, ready to deal, ready to do something that will avoid what everybody agrees would be a disaster and yet the president seems to be content with just traveling around the country doing a victory lap or something at the very time he ought to be here in washington, d.c. sitting down across tremendous table -- across the table from the...
183
183
Dec 11, 2012
12/12
by
CNBC
tv
eye 183
favorite 0
quote 1
does this fiscal cliff stuff worry you and the prospect of higher taxes worry you? what do you think? >> i think it worries all of us, doesn't it? i'm one that has faith. i believe something is going to happen. i believe we'll have a deal before it gets over the cliff personally. i'm an optimist. >> you're in farming. you have a guesthouse on your land down in georgia. what do you your customers tell you about the state of the economy? >> we get varying points of view from the discussions we have at the plantation. again, i think the majority of folks that come and, you know, have discussions of all types, especially when it gets to the economy, they are optimists and they feel like the country is getting better, albeit more slowly than we would all like. but i think the overall feeling is that it's going to be okay. just take a deep breath, move forward. >> let's turn to music, shall we, steve, come on. >> if you don't know one of the things he's famous for, rolling stones, 1982 but the most classic piano solo in the history of rock and roll, the one on jessica. ev
does this fiscal cliff stuff worry you and the prospect of higher taxes worry you? what do you think? >> i think it worries all of us, doesn't it? i'm one that has faith. i believe something is going to happen. i believe we'll have a deal before it gets over the cliff personally. i'm an optimist. >> you're in farming. you have a guesthouse on your land down in georgia. what do you your customers tell you about the state of the economy? >> we get varying points of view from the...
143
143
Dec 11, 2012
12/12
by
CSPAN
tv
eye 143
favorite 0
quote 0
of our minds here, the fiscal cliff. and i would be remiss if i didn't ask you both to weigh in on it. but in the following way, number one, what's going on that we don't understand? number two, what should happen? number three, what's the r.s.c. going to do to help us get to that better state of what should happen? either one of you wants to chime in on that one? >> first of all, you know, if you look at where we are right now, it's because of a number of reasons. jim touched on a few of them, going back to the debt ceiling deal. i did not vote for the budget control act. to me it didn't address the real problem and that's spending. if you look at the debate right now, it's mostly about the debate of how much faxes we need to raise. the president keeps adding more to it because he has an insatiablet appetite to add more. we are not addressing the real problem. i don't think anybody's taxes need to go up. you look at what barack obama said three years ago. if you raise taxes in a bad economy it will make things worse. we
of our minds here, the fiscal cliff. and i would be remiss if i didn't ask you both to weigh in on it. but in the following way, number one, what's going on that we don't understand? number two, what should happen? number three, what's the r.s.c. going to do to help us get to that better state of what should happen? either one of you wants to chime in on that one? >> first of all, you know, if you look at where we are right now, it's because of a number of reasons. jim touched on a few of...
183
183
Dec 11, 2012
12/12
by
CNBC
tv
eye 183
favorite 0
quote 1
frankly the fiscal cliff, josh and i have talked about this, wouldn't cause me to do anything. i don't run my fort folio purely for tax consequences. if something's near your price target and you're a holder, then you want to sell. but truth of the matter is is that it's not going to affect that many people. you're talking about what's not a huge increase in terms of the capital gains on a percentage basis. go from 20% to 25% is not that big of deal if you're looking for 30% upside in a name. >> there are people who are selling stocks based on an expected rise in the capital gains rate. >> it may be a huge mistake. >> why not sell and buy it back? >> because then you're pushing your taxes you're paying forward. those taxes that you're paying, you're losing use of that capital for compounding. that's why you don't do it. if you're in the upper, upper brackets maybe you want to consider it. >> let me push back on sprint. there was news david faber was talking about. this sprint/clearwire deal is closer. that doesn't change -- >> not at all. a distant third in a two horse race. i
frankly the fiscal cliff, josh and i have talked about this, wouldn't cause me to do anything. i don't run my fort folio purely for tax consequences. if something's near your price target and you're a holder, then you want to sell. but truth of the matter is is that it's not going to affect that many people. you're talking about what's not a huge increase in terms of the capital gains on a percentage basis. go from 20% to 25% is not that big of deal if you're looking for 30% upside in a name....
157
157
Dec 11, 2012
12/12
by
CURRENT
tv
eye 157
favorite 0
quote 0
. >> considering the significant consequences of falling off of the fiscal cliff you have would think the president would have some kind of an interest in finding a solution to the problem. however, it is now becoming increasingly obvious something is standing in the way. a reporter at the "new york times" is admitting, well it may just be obama's arrogance. >> stephanie: oh! [ applause ] >> stephanie: arrogance! >> what do you think he won an election or something? >> stephanie: yeah. >> sheeesh. >> stephanie: dog whistle. >> were you impersonating a dog whistle. woo woo? >> no, i was not. >> you wouldn't hear a dog whistle. but that would distract the dog that was distracted by the farting machine. [ farting sounds ] >> even a monkey in a shearling coat would distract the dog. right >> stephanie: right. all right. rush limbaugh. >> i thought we were on track for much sooner than that. the obama plan to knock down america, obviously -- i'm surprised it is going to take that long. 2030 is another eightteen, seventeen years. >> stephanie: back away from denesh d'souza. >> whatever! >>
. >> considering the significant consequences of falling off of the fiscal cliff you have would think the president would have some kind of an interest in finding a solution to the problem. however, it is now becoming increasingly obvious something is standing in the way. a reporter at the "new york times" is admitting, well it may just be obama's arrogance. >> stephanie: oh! [ applause ] >> stephanie: arrogance! >> what do you think he won an election or...
77
77
Dec 11, 2012
12/12
by
CSPAN2
tv
eye 77
favorite 0
quote 0
mcconnell: with the fiscal cliff fast approaching, i feel the need to point out something this morning that's perfectly obvious to most americans but which democrats in washington still don't seem to grasp. i'm referring to the fact that any solution to our spending and debt problem has to involve cuts to out-of-control washington spending. i know that might sound obvious to most people but for all the president's talk about the need for a balanced approach, the truth is he and his democratic allies simply refused to be pinned down on any spending cuts. americans overwhelmingly support some level of cuts to government spending as part of a plan to cut the federal deficit. yet, the president will not commit to it. he refuses to lead on the issue. the president seems to think if all he talks about are taxes and that's all reporters write about, somehow the rest of us will magically forget that government spending is completely out of control and that he himself has been insisting on balance. a couple of weeks ago we saw his plan. after four straight trillion-dollar deficits and two years
mcconnell: with the fiscal cliff fast approaching, i feel the need to point out something this morning that's perfectly obvious to most americans but which democrats in washington still don't seem to grasp. i'm referring to the fact that any solution to our spending and debt problem has to involve cuts to out-of-control washington spending. i know that might sound obvious to most people but for all the president's talk about the need for a balanced approach, the truth is he and his democratic...
451
451
Dec 11, 2012
12/12
by
FOXNEWSW
tv
eye 451
favorite 0
quote 0
with so much going on, the fiscal cliff, negotiating back and forth with the house trying to figure out how to avoid massive tax increases and spending cuts, why there? it's all politics. >> steve: one other note, the "wall street journal" says regarding right to work states, between 2000 and 2010, 5 million people moved from union states to right to work states and they have 23% higher rate of income growth per capita in right to work states. so things are thriving in the right to work states. there are 24 of them. 26 still are union states. >> gretchen: eric brought up an interesting point about why isn't the president staying in washington, because now it turns out that the fiscal cliff is actually closer than we thought. it was not coakley january 1 anymore. we've about to go off it any day now because apparently it takes a certain amount of days to actually draft any kind of legislation that they might come to an agreement on and so if you backtrack then from the end of the year and when congress is going to be going home for christmas and other holidays, then you really don't have
with so much going on, the fiscal cliff, negotiating back and forth with the house trying to figure out how to avoid massive tax increases and spending cuts, why there? it's all politics. >> steve: one other note, the "wall street journal" says regarding right to work states, between 2000 and 2010, 5 million people moved from union states to right to work states and they have 23% higher rate of income growth per capita in right to work states. so things are thriving in the right...
132
132
Dec 11, 2012
12/12
by
CNNW
tv
eye 132
favorite 0
quote 0
. >> christin, something else on the fiscal cliff. a drop in confidence and zero u.s. economic growth with no agreement on this fiscal cliff and indeed a ripple effect in the eurozone and elsewhere. do you think the politicians understand the kind of seriousness of the game that they're playing at the moment? >> i think they do and a good sign is notice in the last day or two, you haven't been hearing as much come out of either members of congress or the white house. president obama right now is i think on the road in detroit. gave a speech today about the economy. but you're seeing a little bit less of the sort of back and fort we saw a weeking a with tim geithner putting out a plan and republicans releasing a letter publicly. i think negotiations of this kind best if they're happening without a lot of the public political posturing. i think that's the direction you have seen things go in the last few days so i'm hoping that's a good sign for things and taken seriously. >> i hope you're right. it is childish, i think. finally for you, gary. this ongoing battle blowing
. >> christin, something else on the fiscal cliff. a drop in confidence and zero u.s. economic growth with no agreement on this fiscal cliff and indeed a ripple effect in the eurozone and elsewhere. do you think the politicians understand the kind of seriousness of the game that they're playing at the moment? >> i think they do and a good sign is notice in the last day or two, you haven't been hearing as much come out of either members of congress or the white house. president obama...
124
124
Dec 11, 2012
12/12
by
CSPAN
tv
eye 124
favorite 0
quote 0
i do think getting over the fiscal cliff, the deal getting closer to balance the budget is still very important. i do hope because of the discussion that tax reform is something that is taken seriously for this year. i think that is well overdue. there is not time to do it before december 31. it will give businesses a lot of assurances that the government is paying attention to what they are saying. >> you should tell barack obama to find a jim baker. >> think about each time we have reached a crisis point in our country there's been an institutional response to it. we created a central bank. that has proved to be enormous for the past five years and important for years before that. post-world war ii, we create a system and the department of homeland security. i wonder if there's not an institutional -- >> some did not work as well as others. >> that is exactly right. it reflects our values and the focus of the government. we should have a department of homeland prosperity. we need somebody other than the president to think about american competitiveness. something we've taken for gra
i do think getting over the fiscal cliff, the deal getting closer to balance the budget is still very important. i do hope because of the discussion that tax reform is something that is taken seriously for this year. i think that is well overdue. there is not time to do it before december 31. it will give businesses a lot of assurances that the government is paying attention to what they are saying. >> you should tell barack obama to find a jim baker. >> think about each time we...
427
427
Dec 11, 2012
12/12
by
KPIX
tv
eye 427
favorite 0
quote 0
. >> advocates for seniors want social security and medicare out of the fiscal cliff debate. >> don't talk about them as if they are entitlements and give aways. these are programs people have paid for over their entire working lives and have earned these programs. >> if lawmakers and the president don't find a compromise, taxes for all americans will go up and across the board spending cuts will kick in on january first. danielle nottingham, cbs news washington. >>> the former head of the international monetary fund and the maid who accuse him -- accused him of sexual assault has settled her lawsuit. it stems from a 2011 encounter. he denied he attack the woman but resigned. terms of the settlement are confidential. she still faces prostitution related charges in france. >>> tonight, the music world is mourning the death of a superstar. the body of grammy nominated singer jenni rivera was found in the wreckage of a crash near mix co. rivera and six others died -- mexico. the 43-year-old was headed back to central mexico with her interage. cbs 5 reporter len ramirez has more. >> you c
. >> advocates for seniors want social security and medicare out of the fiscal cliff debate. >> don't talk about them as if they are entitlements and give aways. these are programs people have paid for over their entire working lives and have earned these programs. >> if lawmakers and the president don't find a compromise, taxes for all americans will go up and across the board spending cuts will kick in on january first. danielle nottingham, cbs news washington. >>>...